Nepal | August 10, 2020

PM to seek Chinese investment in hydropower

Himalayan News Service
Share Now:
Prime Minister KP Sharma Oli announces "Dharahara reconstruction campaign"

Prime Minister KP Sharma Oli announces “Dharahara reconstruction campaign” at a program organised by Ministy of Cultural Tourism and Civil Aviation in Kathmandu on Tuesday, February 16, 2016. Photo: RSS

Kathmandu, March 10

Prime Minister KP Sharma Oli is all set to embark on a week-long official visit to China on March 20 with a long wishlist of Chinese support for building mega hydro-electricity, road and gasoline exploration projects.

He is scheduled to hold bilateral talks with Chinese Premier Li Keqiang and call on President Xi Jinping in Beijing on March 21.

Officials said the Nepali side would seek Chinese investment in harnessing about 2,200 MW hydropower projects that include Budhigandaki (1,200 MW), Sunkoshi III (585 MW) and Kimathanka-Arun (400 MW).

Prime minister’s foreign relations expert Gopal Khanal told The Himalayan Times that Nepali side would seek Chinese support for these projects. It is yet to be confirmed if any MoU would be inked in this regard during the visit.

Nepal will also seek China’s help to upgrade Araniko Highway and remaining parts of the Ring Road in Kathmandu and speed up work to build Pokhara International Airport.

It is learnt that Chinese side has proposed to seal two agreements the extradition treaty and the mutual legal assistance treaty, which, according to sources, however, are unlikely to get inked in the course of this visit.

The two sides are positive on inking at least seven bilateral agreements, including import of petroleum products from China, Free Trade Agreement and Transit Treaty, according to Khanal.

Initial groundwork for importing at least one third of Nepal’s domestic need of petroleum goods from China was laid when Deputy Prime Minister and Foreign Minister Kamal Thapa visited Beijing in December.

Other likely deals include MoU on the issue of trademark registration and protection, Chinese technical and financial support for exploration of oil and gas in Nepal and sister-city agreements between Pokhara and Shannan of Tibet, as well as Bhaktapur and Yushu County of Qinghai Province of China, according to a foreign ministry source.

The two sides are likely to agree on Chinese involvement in building petroleum storage facilities at Panchkhal of Kavre and Nuwakot district to meet at least three months’ national demands during the period of crisis.

During the visit, the two sides will also dwell on enhancing the connectivity between northern districts of Nepal and southern parts of Tibet.

The issue of trans-Himalayan power trade and building of necessary transmission lines would also be taken up, according to sources.

While returning from Beijing, the PM will stop over at Hainan Province of China and attend the annual Boao Forum for Asia conference slated for March 22-26.


A version of this article appears in print on March 11, 2016 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Transitional Justice, court, justice, punishment, law

Judiciary: Public should maintain restraint on comments about court order/verdicts

We should not forget that it is the court that upholds justice, protect people's rights. Had the judiciary not been there, whatever the two powerful organs of the state — executive and legislature — wanted to happen, could happen. It is the judiciary that checks the excesses of the executive and Read More...

Messi helps Barca sink Napoli to reach last eight

Barcelona beat Italians 3-1 for 4-2 aggregate win Messi scores and earns penalty at empty Nou Camp Barca face Bayern in Champions League last eight BARCELONA: A fired-up Lionel Messi led Barcelona to a 3-1 win at home to Napoli on Saturday for a 4-2 aggregate victory which took the Read More...

Lewandowski dazzles as Bayern crush Chelsea to reach last eight

MUNICH: Robert Lewandowski struck twice and set up two more goals as Bayern Munich cruised past Chelsea 4-1 on Saturday to reach the Champions League quarter-finals with a 7-1 aggregate victory and remain on course for a treble of titles. The Bavarians will be on an 18-game winning streak acr Read More...

PM Oli tells Madi delegation to Build Ram's idol and promote Ayodhyapuri as his place of birth

Kathmandu, August 8 At a time when the entire country is concerned about the sharp rise in coronavirus cases, Prime Minister KP Sharma Oli is trying to convince everybody that Lord Ram’s birth place is in Ayodhyapuri, area of Madi Municipality, Chitwan. The PM, who had made a phone call to W Read More...

Activist Iih to end hunger strike today

Kathmandu, August 8 Youth activist Iih, initiator of ‘Enough is Enough’ campaign, is set to end his 21- day hunger strike tomorrow, as the government has agreed to meet the demands of the satyagrahis. Iih has been staging the fast-unto-death strike demanding government’s effective role i Read More...

Maintain essential health services during COVID-19 response: WHO

KATHMANDU, AUGUST 8 World Health Organisation has urged member countries, including Nepal, in the South-East Asia Region to accelerate resumption of disrupted health-care services, hit by the pandemic, as an integral part of the COVID-19 response. “The pandemic has put immense strain on heal Read More...

Birgunj

Young woman dies for want of treatment

BIRGUNJ, AUGUST 8 Bishnu Lama, 22, of Chhapakaiya, Birgunj-2, died for want of treatment in Birgunj this morning. Various hospitals, including Birgunj-based Narayani Hospital had refused to admit Lama, who had experienced breathing complications. She was taken to Corona Special Hospital, Ganda Read More...

Swab sample collected from communities

DHANGADHI, AUGUST 8 Swab samples have been collected to diagnose whether the virus has spread in the community level of the Sudurpaschim Province. The provincial government has started collecting swab samples from communities as the province is at a high risk of infection. Director at Sudur Read More...